Charles Sumner: “But inconvertible paper, even when made a tender, has no actual value…”

On the record

But inconvertible paper, even when made a tender, has no actual value, and circulates only because Government commands its circulation.

Said by

Massachusetts

Source

Sumner argues that inconvertible paper lacks actual value and relies on government enforcement for circulation.

More from Charles Sumner

Slavery and the: speech in New York, XI. 433.

Working-men of Europe, desire abolition of war, XVIII. 236.

Disunion no remedy for grievances of, VII. 33.

Sovereignty of, belongs to the people, XVI. 28.

Other voices in this conversation

Charles Sumner: “But inconvertible paper, even when made a tender, has no actual value, and circulates only because Government commands…”